Bitcoin: Commission-Free

June 05, 2020 09:13

Updated

Is there truly no additional cost to buying and selling Bitcoin with Change?

Yes! We are constantly working to ensure that Bitcoin remains commission-free in our app. There is a cost to other cryptocurrencies we offer; 0.50% is charged on Ethereum and all other alternative coins like EOS, XRP, and XLM.

What does commission-free mean?

This means that you get exactly what we're able to supply you from the market. We add no fee on top of buy and sell orders so that you always get the absolute most Bitcoin for your buck.

The price you view in the app is the mid-market price, however the final buy or sell price will be slightly different as the market continuously moves. When you are entering to buy and sell, you can see the current bid and an ask price. Ask price is the "offer" price, bid price is the highest price at which a buyer is posting and order.

Why does Change charge for other cryptos?

We hope to always offer the lowest cost on the market. In cases where we're able to do this for free we absolutely will. Our users buy BTC more than any other cryptocurrency and due to fact that BTC is the most volatile cryptocurrency we have decided not to charge any fee. As our costs grow and our service becomes more intuitive, we maintain our values of being cost-effective to our clients by constantly adjusting our app value with our consumer usability.